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Convergence to agreement and the role of public information
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Dutta, Jayasri and Polemarchakis, H. M. (2014) Convergence to agreement and the role of public information. Mathematics and Financial Economics, Volume 8 (Number 4). pp. 399-404. doi:10.1007/s11579-014-0132-2
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Official URL: http://dx.doi.org/10.1007/s11579-014-0132-2
Abstract
When states of the world are normally distributed, the sequential exchange and revision of beliefs converges to agreement in finitely many rounds of communication. Public information may reduce the information shared by individuals after the revision of beliefs.
| Item Type: | Journal Article | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HB Economic Theory | ||||||||||
| Divisions: | Faculty of Social Sciences > Economics | ||||||||||
| Library of Congress Subject Headings (LCSH): | Information theory in economics, Economics, Mathematical, Game theory | ||||||||||
| Journal or Publication Title: | Mathematics and Financial Economics | ||||||||||
| Publisher: | Springer | ||||||||||
| ISSN: | 1862-9679 | ||||||||||
| Official Date: | September 2014 | ||||||||||
| Dates: |
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| Volume: | Volume 8 | ||||||||||
| Number: | Number 4 | ||||||||||
| Number of Pages: | 6 | ||||||||||
| Page Range: | pp. 399-404 | ||||||||||
| DOI: | 10.1007/s11579-014-0132-2 | ||||||||||
| Status: | Peer Reviewed | ||||||||||
| Publication Status: | Published | ||||||||||
| Access rights to Published version: | Restricted or Subscription Access |
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